Middle East and Africa Gummies and Jellies Market is expected to grow at a CAGR of 8.2% in the forecast period 2020to 2027. The years considered for study are as mentioned below.
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Middle East and Africa gummies and jellies market is a highly consolidated market, which includes specific number of key players as well as local players. The market has witnessed increased various strategic developments in expanding their production facility for manufacturing of different gummies and jellies various acquisitions and partnership to enter in specific market have led the manufacturers to established their foot prints.
The major players dealing in Middle East and Africa gummies and jellies market are introducing strong range of product portfolio. This has alsohelped the company to maximize the sales with enhanced product portfolio. For instance, In January 2018, Ferrero group acquired Nestle for 2.8 USD billion, with this acquisition Ferrero became the third largest company of confectionery in the U.S. market. The wide range provided by Nestle earlier will be now offered by the Ferrero, given its customers have a wider range of products and choices.
Ferrero is the dominating player in the gummies and jellies market which is followed by HARIBO of America, Inc, Perfetti Van Melle, Continental Confectionery Company and others.
Bayer AG
Bayer AG headquartered in Leverkusen, Germany which was founded in 1863. The company provides products in the field of health care and agriculture. The company deals in several forms of candies including the gummy bears and other shapes. The company has business segments such as pharmaceuticals, consumer health, crop science, animal health among which consumer health is market focussed segments and the product categories are pharmaceuticals, consumer health, crop science, animal health among which consumer health is market focussed product categories.
The company has wide global presence across the globe in Asia-Pacific, Europe, Middle East& Africa, Latin America, North America. In addition to it, the company also generates its revenue from the various subsidiary companies such as Bayer HealthCare Pharmaceuticals LLC (Germany), Jenapharm GmbH&Co.KG (Germany), BayerHealthcare (Germany), BayerLtd. (Ukraine) and Bayer HealthCare Animal HealthInc (U.S.) among others.
HARIBO of America, Inc
HARIBO of America, Inc headquartered in Bonn, Germany and founded in 1920. company offers products of various forms of gummy candies. The company deals in different products including gummy bears, twin snakes, happy cola candies among others.
For Instance,
- In May, Haribo launched two new kind of products Watermlon Gummi and Sour Gummies. Keeping in view the consumer demand, the company has launched these two products and its watermelon gummi is first-ever-tripled-layered which has launched in the U.S. This launch will assist the company to reach out wide range of consumers in the U.S. which in turn increase the revenue of the company.
The company has wide global presence across the globe such as North America, Europe, Asia-Pacific, Middle East and Africa and Australia.
Perfetti Van Melle
Perfetti Van Melle headquartered in Amsterdam, Nettherlands.and established in 2001 The company focuses on producing fruit jellies, fruit bars, and Ayurveda medicines. Company offers wide range of products including mentos, chupa chups, centerfresh and others. The parent organisation of Perfetti Van Melleis involved in taking various strategic decision to expand their business at global prospective. For instance,
- PERFETTI VAN MELLE, an all confectionary company which is based in Netherlands, Europe has the global presence in Asia and Oceania and America, among the other countries. In Europe only, the company is earning 34.7% of the profit and the most amount of profit the company is gaining, is from the Asia and Oceania which is 37.2%. Its subsidiaries are Chupa Chups(Spain), Gum Base Co. Spa(Italy), Perfetti Van Melle USAA Inc(US), Melle Benelux B.V(Italy and others.
The company has wide global presence in the U.S., Europe, Middle East and Africa, Asia-Pacific and has subsidiaries such as ChupaChups (Spain), Gum Base Co. SpA (Italy), PerfettiVan MelleUSAInc. (U.S), PerfettiVan MelleBenelux B.V (Italy), PerfettiVan MelleIndia private limited (India) and others
